As Amended
SEC. 79-4-14.20. Grounds for administrative dissolution.
The Secretary of State may commence a proceeding under Section 79-4-14.21 to administratively dissolve a corporation if:
(1) The corporation does not pay within sixty (60) days after they are due any franchise taxes or penalties imposed by Sections 79-4-1.01 et seq. or other law;
(2) The corporation does not deliver its annual report to the Secretary of State within sixty (60) days after it is due;
(3) The corporation is without registered agent or registered office in this state for sixty (60) days or more;
(4) The corporation does not notify the Secretary of State within sixty (60) days that its registered agent or registered office has been changed, that its registered agent has resigned, or that its registered office has been discontinued; or
(5) The corporation's period of duration stated in its articles of incorporation expires.
SOURCES: Laws, 1987, ch. 486, Sec. 14.20, eff from and after January 1, 1988.